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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Malaysian Ringt/Danish Krone (FOREX:MYRDKK)
Crossroads (+60) - MYRDKK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MYRDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYRDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MYRDKK
The long-term trend has been DOWN since Nov 14th, 2023 at 1.4605578
The intermediate-term trend has been UP since Apr 16th, 2024 at 1.4699094
The short-term trend has been UP since May 2nd, 2024 at 1.4672400
Smart Scan Analysis for MYRDKK
Based on our trend formula, MYRDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.4635066 | 1.4666516 | 1.4630262 | 1.4666516 | +0.0031450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.4635066 | 2024-05-09 04:33:44 |